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Eric Loh

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Posts posted by Eric Loh

  1. 47 minutes ago, FarFlungFalang said:

    I thought he was appointed by the current one,sorry my mistake they're both the same one.????

    The old one will still be in office until end September and he was appointed by the previous junta. The new one and the only candidate will assume the post 1st Oct after endorsed by the senate. You right, appointed by the same regime. 

    • Like 1
  2. 4 hours ago, webfact said:

    The Prime Minister, therefore instructed all ministries to ensure cooperation and use the Bio Economy, Circular Economy and Green Economy models to help adjust the economic structure to address the economic downturn and raise the prices of agricultural products.

    Well at least he manage to copy some big powerful economic models which I doubt he understand but does made him sound intelligent. Obviously he left out the part of how he want these models to be implemented. It will be a bridge too far to stretch his intellectual capacity. 

    • Haha 1
  3. I think the Industry Minister Suriya got this right. The strong Baht will remain due to the favourable fundamentals that Thailand enjoyed for now. The BOT responsibility is to keep the Baht stable by soaking up wild gyrations and using fiscal policies. BOT must remain independent and not submit to political pressure and interference. To offset the currency strength, companies will have to be more productive and that's where the government can help by training and grants for automation and mechanization.  

    • Haha 1
  4. 11 hours ago, emptypockets said:

    They tripled it a few years ago and my, oh my, didn't the posters on here whinge about increased prices. The talk is to increase again to 450b per day. Don't be surprised when prices increase again to match the increased input costs for business.

    Last few years wage was increased from 300B to 325B, hardly tripled. Inflation still subdued and the fear more on stagnation. The government should look at structural reform like wage increase rather than temporary fixes like handouts etc that will only good for a short period. That's my point. 

  5. 30 minutes ago, Cadbury said:

    My reading of it is the EU has not been impressed with Thailand's human rights record, particularly in the fishing industry. Fortunately for Thailand the EU has lifted Thailand's "yellow card" which has been in place since 2015.

    But this has been met with misgivings and even strong resistance from some employment and human rights organisations who claim that human trafficking is still rampant.

    The onus of proof seems to be in Thailand's court and this could be a handicap to Thailand's quest for an FTA.

    https://www.theguardian.com/environment/2019/jan/10/eu-under-fire-after-lifting-threat-to-ban-thai-seafood-imports-over-illegal-fishing

    EU was also not pleased that the junta government didn't invite their observation team for the election. 

    • Like 1
  6. 39 minutes ago, madmitch said:

    The minimum wage means nothing. The Government admitted the other day the 40% of the population earns less than 6000 baht a month. These are probably self-employed farmers and their families, who double as staff. An increase in the minimum wage won't help these people.

    The self-employed is actually higher and growing and is now 50% of the entire workforce. The increase in minimum wage will do couple of things - attract more of this group of informal workers back into the employed workforce and the higher wages will provide a trickle down economics and stimulate the domestic consumption which will benefit those self-employed. Don't claimed that wage increase is the only fiscal tool that the government can use; there are quite a few that can provide structural reform and not temporary fixes like stimulus package.  

  7. 12 minutes ago, Joe Mcseismic said:

    Financial literacy has been falling over the years. It should be taught at school.

    What about wages not commensurate with raising living costs, losing jobs and lesser income (OT) from struggling companies in this harsh economic times. Not all debts are about buying cars. Could just be mundane household items, rents and schools expenditures. It's not all about financial literacy; most blames should be on poor and failing government policies to address structural issues.  

    • Like 1
  8. 27 minutes ago, Paul Henry said:

    Just highlights the total incompetence of the PM could not even read a document given to him to swear the oath.I don't think he is smart enough to have deliberatley left out important parts of the oath, probably has POTUS syndrohme cannot read more than one line without losing his train of thought.

    Begs the question whether the oath was redacted. Conspiracy theory aplenty. 

  9. 57 minutes ago, Bluespunk said:

    I knew the coalition would collapse but never thought it would bethis quick.  

    The next party to leave the coalition will most likely to be the Thai Forest Conservative Party. The party has 2 MP seats. They have threatened to leave after the natural resources and environment ministerial position -- which the party wished to be in charge of -- was handed to the Chartthaipattana Party. 

    • Thanks 1
  10. 40 minutes ago, yellowboat said:

    What a typo.   He must mean hopes of its demise.  Would think over priced champaign will be flying off the shelves if cha cha was sent home with that smug look on his face.  Most Thais I know can't wait to see him go. 

    19 parties coalition with 5 leaving. 14 is not a good omen and sound like “sure die”. Maybe you right. It’s curtains for cha cha and most Thais will be celebrating. 

    • Like 1
  11. 11 minutes ago, Jip99 said:

     

     

    You are confusing " unfair judiciary harassment and intimidation " with the rule of law.......... but I expect you know that already.

    Staging a coup is within the law? Just one example of the many the junta disregard for the rule of law. You probably don’t agree. 

    • Like 2
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